10-year Treasury yield hits new year-to-date high before payroll data
10-year yield rose to a new year-to-date high of 4.82% before settling near 4.79%. After three sessions of gains, CVOL metrics moved lower. Focus shifts to jobs data, ISM services and Fed speakers ahead of non-farm payrolls.
The 10-Year yield advanced to a new year-to-date high of 4.82% before pulling back to settle near 4.79%[cite: 2].
Despite the upward momentum in rates over the past three sessions, CVOL metrics moved lower, indicating the Treasury market has found a comfortable trend[cite: 2].
Markets now shift focus to a slate of upcoming economic data, including Thursday's jobless claims, Challenger job cuts, and ISM services index, alongside commentary from a diverse group of Federal Reserve speakers ahead of Friday's non-farm payrolls report[cite: 2].